In todays crypto world , the issue of pending transactions and lack of anonymity is alarmingly high. Even networks which generates blocks a lot faster compared to Bitcoin, is sloppy relevant to these issues such a backlog should not be tackled. Unfortunately, this goes to show how immature most blockchain protocol is when it comes to scaling. We can only hope this issue is resolved rather quickly.
It is only normal some people are not too happy about this situation right now. At the moment and in the nearest future, uPlexa plans ahead by solving these issues by utilizing our Near-Zero Congestion Model (NZCM). The NZCM consists of a powerful hashrate through harnessing the power of IoT devices, while also scaling back micro-payments by having the fee's increase for micro-payments as the network transaction fees increase.
HOW UPLEXA PLANS TO TACKLE THESE LOOPHOLES
In other to eradicate and curtail heavy network congestion and utilize profit for our users,uPlexa have decided to create a model known as the Near-Zero Congestion Model (NZCM) in-which has several layers:
• Harness the power of mass IoT adoption
• Utilization of the uPlexa NZCM API for off-chain transactions
• Disapproval of extremely small microtransactions
• Scaling fee's at higher rates for microtransactions
In addition to these, uPlexa is mainly for anonymous payments for both internet & telecom providers, as-well as e-commerce.The NZCM API will allow webmasters, app developers, and corporations to credit their users in uPlexa while their users choose to mine for that specific service, app, or business.
There's no doubt about the security of payments and anonymity as we have adopted a modified version of the CryptoNight algorithm in order to provide unquestionable security and anonymous payment. Our anonymous payment service gives you security against Hackers who be able to trace a phone number to your name, or hijack your mobile access with your personal details to further obtain access to your online accounts, government repression and service bans.keeps your data safe and confidential and lot more to keep you at ease.
uPlexa GOALS
Simple transactions will always cost about the same as the block size will be small. In contrast, the transaction blocks filled with terabytes of data will be far more expensive. In order to facilitate large transactions, uPlexa API may be used in order to help provide less network congestion by using less on-chain transactions, lessening fees for companies and projects.Near-Zero Congestion Model (NZCM). The NZCM consists of a powerful hashrate through harnessing the power of IoT devices, while also scaling back micro-payments by having the fee's increase for micro-payments as the network transactions increase. Any payments not considered a micro-payment will always have relatively low fees. NZCM will also use the uPlexa API in-order to utilize off-chain transactions for uPlexa power user.
For more information visit:
Website: https://uplexa.com
WhitePaper: https://uplexa.com/content/uPlexa-Whitepaper-EN.pdf
Discord: https://discord.gg/a7mAQwJ
Medium: https://medium.com/@uplexa
Reddit: https://www.reddit.com/r/uPlexa/
Github: https://github.com/uplexa/
Twitter: https://twitter.com/uPlexaCoin
Facebook: https://www.facebook.com/uPlexa
Author's info
Bitcointalk username : Lasisi1
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2148371